Markets turn flat after rallying in early trade amid volatile trends
The Hindu
Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.
Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.
The 30-share BSE Sensex jumped 289.83 points or 0.39% to 74,392.15 in the morning trade. On the similar lines, the Nifty went up 79.5 points or 0.35% to 22,577.40.
However, both the benchmark indices faced heavy volatility and were quoting between highs and lows.
From the Sensex pack, Infosys, HCL Technologies, Tata Consultancy Services, Axis Bank, Tech Mahindra, Nestle India, Asian Paints, Zomato, Bajaj Finance and Hindustan Unilever were among the laggards.
On the other hand, IndusInd Bank, Tata Motors, Kotak Mahindra Bank, Adani Ports, HDFC Bank, Mahindra & Mahindra, NTPC and Sun Pharma were among the gainers.
"Globally, the markets are weak and jittery on concerns arising from the tariff policy uncertainties. This is likely to linger and may even get worse as reciprocal tariffs kick in from early April. In this scenario there is no scope for a sustained recovery in global markets. In fact further downtrend is likely," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
However, even in this negative backdrop, the Indian equity market is showing some resilience, Vijayakumar added.
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